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Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

8 Aug 2019 8:43 PM IST

On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Sebi mulls tighter norms to ensure full disclosure on loan defaults...

The move is aimed at helping the rating agencies get timely information about the rated entity's financial strength.

6 Aug 2019 6:05 PM IST

Auto sector employs over 35 mn, contributes more than 7 per cent to GDP and accounts for 49 per cent of manufacturing GDP.

Fund crunch speeds auto slump

Non-banking finance companies (NBFCs), or shadow banks, have dramatically slashed lending following the collapse of ...

5 Aug 2019 4:28 AM IST

Non-banking finance companies are expected to post strong numbers for the December quarter, helped by the low base in the year-ago quarter. However, that does not give a true picture of the sector.

Low base to help NBFC's Q3 results

The Q3 of FY29 was preceded by the IL&FS default in September and hence it was an exceptionally weak quarter.

13 Jan 2020 2:24 AM IST

Shares of IL&FS Investment Managers were trading 3.94 per cent lower at Rs 6.59 apiece on BSE.

NCLAT to hear plea over moratorium on dues recovery from IL&FS on Jan...

The appellate tribunal has asked all parties including lenders to file their written submissions before it.

20 Dec 2018 4:07 PM IST

Shares of IL&FS Investment Managers were trading 3.94 per cent lower at Rs 6.59 apiece on BSE.

IL&FS Investment Managers' board appoints 2 new additional directors

The board of directors of the company by resolutions passed by circulation on December 6, 2018.

6 Dec 2018 11:53 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sept 2018 1:46 PM IST

IL&FS downgrade to junk has put Rs 10,000 crores worth of investments by insurers and pension funds at risk, shaking the foundations of Indias financial sector.

Bleeding subsidiaries will take IL&FS belly up

Sebi too kept its eyes shut all these years despite losses mounting alarmingly.

26 Sept 2018 1:53 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Default tremors: Act swiftly

Jaitley is probably aware he can't have corporate failures with elections approaching.

25 Sept 2018 12:05 AM IST

Company amid crisis in the IL&FS group for alleged defaults in loan payment and corporate governance issues.

IL&FS Financial Services MD and CEO Ramesh Bawa resigns

IL&FS has nearly Rs 35,000 crore consolidated debt, IL&FS Financial Services has Rs 17,000 crore of debt.

22 Sept 2018 1:43 PM IST

A representational picture of the Monorail

MMRDA manages to get only one bidder

When tenders were floated for the first time, six companies including Scomi Engineering showed interest in running the...

23 Dec 2017 6:37 AM IST